In re Lifetrade Litigation
Case Number:
1:17-cv-02987
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Cahill Gordon
- Davidoff Hutcher
- Dealy Silberstein
- Dreier LLP
- Ellis George
- Ellis George LLP
- Fennemore Craig
- Gish PLLC
- Jones Day
- Levy Konigsberg
- Offit Kurman
- Patterson Belknap
- Phillips & Paolicelli
- Pomerantz LLP
- Saul Ewing
- Skadden Arps
- Smith Gambrell
- Szaferman Lakind
- Waters Kraus
Companies
Sectors & Industries:
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January 24, 2025
Wells Fargo Gets Another Win In Lifetrade Investor Suit
A New York federal judge determined that investors of Lifetrade Fund BV cannot prove Wells Fargo aided or abetted an alleged massive fraud orchestrated by Lifetrade's managers, saying the investors presented only contradictory information regarding the value of the Lifetrade portfolio.
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March 29, 2019
Wells Fargo, S&P Beat Bulk Of Life Policy Investors' Suit
A New York federal judge has dismissed most of the claims in several suits alleging that offshore investors in Lifetrade Fund BV lost $685 million on high-risk life insurance investments due to misconduct by two of the fund's officers, S&P Global Inc. and Wells Fargo Bank NA.
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March 05, 2018
S&P, Wells Fargo Look To Exit Life Settlements Suit
S&P Global Inc. and Wells Fargo Bank NA on Friday asked a New York federal judge to toss a putative class action alleging that the ratings agency passed off investments in life insurance policies as safe even though the investments were based on fraudulent life-expectancy projections.
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April 25, 2017
S&P Global, Wells Fargo Sued Over Life Settlements
A putative class of Lifetrade Fund investors sued rating agency S&P Global Inc. and Wells Fargo Bank NA in New York federal court Monday, alleging S&P passed off investments in life insurance policies as safe bets despite the investments' being based on fraudulent life-expectancy projections.